Mass. Gen. Laws ch. 156D § 8.52

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 156D:8.52 - Mandatory indemnification

A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he was a director of the corporation against reasonable expenses incurred by him in connection with the proceeding.

Mass. Gen. Laws ch. 156D, § 8.52

Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.